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Problem P13 - 5 (Treasury Stock) Journalize the following transactions made by the Thomas Company. (Omit explanations). May 8 Purchased 8,500 share of its common

Problem P13 - 5 (Treasury Stock)

Journalize the following transactions made by the Thomas Company. (Omit explanations).

May 8 Purchased 8,500 share of its common stock at $8.00 per share.

June 5 Sold 2,000 of the shares previously purchased. Selling price was $9.00 per share.

July 12 Sold 4,000 of the shares previously purchased. Selling price was $5.00 per share.

July 18 Sold remaining shares at $4.00 per share.

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